Fifth Street Finance to Raise $149.5 Million in Stock Offering

Fifth Street Finance (NAS: FSC) today announced details of its public stock offering. Fifth Street will issue 14 million shares of its common stock, priced at $10.68 per share, raising approximately $149.5 million. The company intends to use proceeds from the stock offering to pay down existing debt.

Lead underwriters of Fifth Street's stock offering include MorganStanley, Barclays, Goldman Sachs, UBS Investment Bank, and Wells Fargo Securities. The underwriters have been granted an option to purchase as many as 2.1 million additional shares of Fifth Street stock. The offering is subject to standard closing conditions, and Fifth Street shares included in the offering are expected to be delivered on or around Dec. 7.

Fifth Street Finance Corp. is a specialty finance company that lends capital and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors.


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